8707 Falmouth #318 Avenue 318, Playa Del Rey, California 90293, Playa Del Rey, 90293 - 1 bed, 1 bath
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8707 Falmouth #318 Avenue 318
Playa Del Rey, California 90293
ACTIVE
CONDITION: GOOD
1Beds
1Baths
740Sq Ft
136,686Lot Size
Property Price
LIST PRICE$629,999
EST. MARKET VALUE
$549,242
14% AboveMARKET VALUE
SUMMARY
This Condominium represents a High-Potential Investment Opportunity, listed at $680,000—positioned above the $592,933 Fair Market Value. While the unit carries a premium, it offers a Condition Rating of 3, featuring a versatile loft layout and resort-style amenities including 2 pools, 3 spas, and tennis courts. Located in the sought-after Playa Del Rey area, this property provides a stable lifestyle asset despite higher monthly association fees. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready coastal residence.
Estimated Market Value
$549,242
Based on Realkey algorithm analyzing recent comparable sales in Playa Del Rey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8707 Falmouth #318 Avenue 318 Subject | $629,999* List Price | 1 | 1 | 740 | $742 | - |
A 8505 Gulana Sold | $550,000 | 1 | 1 | 733 | $750 | 0.3 mi |
B 8163 Redlands Street 73 Sold | $445,000 | 1 | 1 | 636 | $700 | 0.2 mi |
C 8515 Falmouth Avenue 419 Sold | $650,000 | 1 | 2 | 855 | $760 | 0.3 mi |
D 8160 Manitoba Street 113 Sold | $625,000 | 2 | 2 | 1,004 | $623 | 0.1 mi |
E 8600 Tuscany Avenue 419 Sold | $680,000 | 1 | 2 | 863 | $788 | 0.3 mi |
F 8675 Falmouth Avenue 110 Active | $545,000 List Price | 1 | 1 | 686 | $794 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1982 but appears well-maintained and move-in ready. The living area features updated flooring and a clean, functional layout. While the building is over 40 years old, the unit shows pride of ownership and lacks visible structural or safety defects, fitting the criteria for a functional, move-in ready home.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Loft Layout
The inclusion of a loft-style additional area provides valuable flexible space for a home office or guest quarters, maximizing the utility of the 740-square-foot floorplan.
- Resort-Style Amenities
Located in Sea-Gate Village, the property offers premium community features including two pools, three spas, and tennis courts, providing a high-end lifestyle experience.
- Prime Coastal Location
Situated in the highly sought-after Playa Del Rey area, the condo offers excellent proximity to the beach, Silicon Beach tech hubs, and local dining.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $658 per month is relatively high for a one-bedroom unit, which may impact buyer affordability and overall investment yield.
- Lack of Scenic Views
Despite its premium coastal neighborhood, the unit lacks any significant views, which may be a drawback for buyers seeking the typical aesthetic appeal of the area.
About 8707 Falmouth #318 Avenue 318
Beautiful and well maintained 1 bed 1 bath condo, with loft style additional area, in the well sought after area of Sea-Gate Village in Playa del Rey. This unit features a very Spacious kitchen, designed for entertaining. Large nice master bedroom to compliment the very spacious and cozy living room area which boost a fireplace. This open floorplan will delight. The condo community features 2 pools, 3 spas, 2 tennis courts and secured gated parking.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 136,686 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $658.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 740 | 1,209.692 |
| Lot Size | 136,686 | 106,139.923 |
| Price | $630.0K | $795.8K |
| Price per sq ft | $851 | $659 |
| Built year | 1982 | 1979 |
| HOA | $658.0 | $743 |
| Days on market | 55 | 54 |
Pricing History
Listed for Sale
Aug 22, 2026
$629,999
$680,000
-7% Price Drop
Initial Listing
Price Change
Jul 16, 2026
$680,000
Initial Listing
Sold
Feb 15, 2024
$660,000
Public Record
Sold
Oct 29, 1999
$151,000
Public Record
Sold
Sep 8, 1994
$112,000
Public Record